2023-11-17 12:32Group 1: Investor Relations Activity Overview - The investor relations activity took place on November 17, 2023, at Tianqi Lithium's Chengdu headquarters [1][3] - The event was the third extraordinary general meeting of shareholders in 2023, facilitating interaction with investors [1][3] Group 2: Capital Expenditure Plans - The company plans to focus future capital expenditures on capacity expansion projects, including a lithium hydroxide project in Zhangjiagang with an estimated total investment of approximately CNY 1.713 billion [3][5] - The capital expenditure for the lithium concentrate processing plant No. 3 under its subsidiary, Wenfield, is approximately AUD 630 million, which will be financed through syndicate loans [3][5] Group 3: Lithium Resource Supply and Production Capacity - The lithium concentrate raw materials for the company's processing bases are sourced from the controlled Greenbushes lithium mine in Australia, which has an annual production capacity of 1.62 million tons [3][5] - The company is actively constructing a chemical-grade lithium concentrate processing plant No. 3 with a designed annual capacity of 520,000 tons, expected to be completed by mid-2025 [3][5] Group 4: Strategic Resource Development - The company is conducting feasibility studies for restarting the lithium spodumene mining project in Sichuan, which is expected to enhance resource security and stabilize the supply chain for lithium compounds [5][6] - The company is also evaluating potential mining opportunities globally, including in Africa, South America, Europe, and Australia, considering factors such as economic viability, resource endowment, and local political environments [5][6] Group 5: Shareholder Engagement and Value Management - The company has previously conducted a share buyback, repurchasing 1.780366 million A-shares, approximately 0.11% of the total share capital, at an average price of CNY 112.33 per share, totaling CNY 199.985 million [6][7] - The major shareholder, Tianqi Group, has committed not to reduce its holdings of A-shares for six months starting from August 23, 2023, reflecting confidence in the company's long-term value [6][7]